Stewart Is First Female Recipient of Hospitality Industry Award From The Elliot Group

GLENDALE, CA -- (MARKET WIRE) -- May 4, 2007 --Julia A. Stewart, chairman and chief executive
officer of IHOP Corp. (NYSE: IHP), was awarded the Elliot Mentor Award in
recognition of her achievements as a leader in the foodservice industry.
Stewart, who is the first female recipient of the award, was honored at
this week's 22nd Annual Elliot Leadership Conference.

The Elliot Mentor Award recognizes individuals who have given a lifetime of
timeless contribution, leadership and inspiration to the hospitality
industry.

"Julia is a pioneer in the foodservice industry, working side by side and
mentoring others, both in her organization and in the industry at large,"
said Alice Elliot, founder and chief executive officer of The Elliot Group,
LLC. "She has definitely demonstrated the qualities that are most
befitting of having peers recognize one's accomplishments. In such a
fast-paced, competitive industry, mentors like her who inspire internally
and externally are increasingly important as rising leaders navigate their
challenging careers."

"Throughout my 35 years in the foodservice industry, I've been blessed with
a number of great mentors who each have made a significant impact on my
career," said Stewart. "I am honored to receive this award because
mentoring is one key to developing future leaders of the restaurant
industry. At IHOP we encourage and value mentoring, and I am pleased to
accept this honor on behalf of the employees of IHOP."

The Elliot Group is the nationally recognized leader in executive search
and strategic consulting in the hospitality, foodservice and manufacturing
industries. Founded by Alice Elliot over 20 years ago, the Tarrytown,
N.Y.-based Elliot Group is the parent company of Elliot Associates, an
executive search firm, and Elliot Solutions, a human-resources consulting
firm. The 22nd Annual Elliot Leadership Conference brought together
restaurant executives for a day of sharing information and strategies to
improve the industry, and was held May 2-3 at the Waldorf-Astoria Hotel in
New York.

The IHOP family restaurant chain has been serving a wide variety of
breakfast, lunch and dinner selections for more than 45 years. Offering 14
types of pancakes as well as omelettes, breakfast specialties, burgers,
sandwiches, salads, chicken and steaks, IHOP's diverse menu appeals to
people of all ages. IHOP restaurants are franchised and operated by
Glendale, California-based International House of Pancakes, Inc., a wholly
owned subsidiary of IHOP Corp. As of March 31, 2007, the end of IHOP
Corp.'s first quarter, there were 1,306 IHOP restaurants in 49 states, the
U.S. Virgin Islands, Canada and Mexico. IHOP Corp. common stock is listed
and traded on the NYSE under the symbol "IHP." For more information, call
the Company's headquarters at (818) 240-6055 or visit the Company's Web
site located at www.ihop.com.